Tag: $Brown-Forman’s

A prospective tie-up between France’s Pernod Ricard and Jack Daniel’s maker Brown-Forman would ‌test whether the powerful families behind the two drinks groups can unite to scale up in a slowing global spirits market.

Brown-Forman Corp. BF.B  said Thursday it had net income of $195 million, or 41 cents a share, for its fiscal first quarter to July 31, down from $231 million, or 48 cents a share, in the year-earlier period. Sales fell 8% to $951 million.

Brown-Forman Corp. ‘s stock fell 1.3% early Wednesday, after the parent of Jack Daniel’s whiskey fiscal third-quarter sales fell short of estimates. 

Brown-Forman Corp.’s stock slid 4.7% early Wednesday, after the parent to Jack Daniel’s whiskey posted weaker-than-expected fiscal second-quarter earnings and said a challenging operating environment has it tempering its expectations for the year.